#insurance-market

#insurance-market

As insurers adjust their risk models on ravaged parts of LA previously thought to be at low wildfire risk, many rebuilding homeowners may find it hard to secure policies.

Lloyd's of London's recent report indicates that the underwriting conditions in the insurance market are the most favorable in over a decade, reflecting significant growth in profits and employment.

This has the potential to affect millions of California consumers and the integrity of our residential property insurance market,” California Insurance Commissioner Ricardo Lara said in a statement provided to KQED.